Comparing the current results to its competitors, Soluna Holdings Inc reported Revenue increase in the 1 quarter 2026 by 45.31 % year on year. The sales growth was above Soluna Holdings Inc 's competitors' average revenue growth of 2.79 %, achieved in the same quarter.
Soluna Holdings Inc , slower than the average decrease reported by the company's competitors of -49.79 %. recorded a net loss and most of the company's competitors saw a decline in earnings by -49.79 %
Soluna Holdings Inc 's Comment on Competition and Industry Peers
The company's emerging HPC business competes with Applied Digital, Digital Realty, NeoCloud, Crusoe, CoreWeave, Lambda, FluidStack, and Nebius. Its Bitcoin hosting business faces competition from both public and private companies, including BitFuFu, Canaan, Cango, Blockstream, Blockware, Foundry, Compass Mining, Hut 8, Bitdeer, and Core Scientific. The proprietary Bitcoin mining business operates globally and may compete with publicly traded Bitcoin mining companies such as Riot Platforms, Marathon Digital Holdings, Core Scientific, Cipher Mining, Hut 8 Mining, Hive Blockchain Technologies, Bitfarms, Bitdeer Technologies Group, Cleanspark, IREN, Bit Digital, TeraWulf, and Greenidge Generation Holdings. Key competitive factors include the number of miners, mining difficulty, operational efficiency, and the fiat value of rewards.
November 13, 2025
In a significant advancement for the green data center industry, Soluna Holdings, Inc. (NASDAQ: SLNH) has announced the completion of Project Dorothy 2, marking a crucial milestone for the company. Located in the burgeoning tech landscape of West Texas, this project represents the second phase of the flagship Project Dorothy initiative, contributing an additional 48 megawatts (MW) to the existing capacity. With this completion, the Project Dorothy campus now boasts a total operational capability of 100 MW, solidifying Soluna s total energized data center capacity at 123 MW.The execution of Project Dorothy 2 stands out not only for its substantial increase in capacity 64% more than previous operations but als...
March 4, 2025
EDF Renewables North America and Masdar Partner with Soluna Holdings for Sustainable Energy SupplyIn a significant advancement for renewable energy and green technology, EDF Renewables North America and Abu Dhabi Future Energy Company (Masdar) have entered into a power purchase agreement (PPA) with Soluna Holdings, Inc. This collaborative effort focuses on the Las Majadas Wind Project, where Soluna, a leading developer of green data centers, will procure up to 166 megawatts (MW) of energy to operate a new data center near the wind farm.The agreement underscores a growing trend towards sustainable energy solutions, particularly in the data center industry, which is known for high energy consumption. The Las ...
December 16, 2024
Soluna and Gynger Forge Partnership to Democratize Sustainable AI Computing In an era where the push for sustainability is more pressing than ever, Soluna Holdings, Inc. (NASDAQ: SLNH) has unveiled an innovative partnership that aims to reshape the landscape of sustainable computing. The company s subsidiary, Soluna Cloud, has joined forces with Gynger, a leader in embedded payments platforms tailored for technology sectors. This alliance aspires to make renewable-powered high-performance computing solutions not only accessible but also highly adaptable through flexible financing options.As global demand for intensive computing applications escalates particularly within sectors such as Bitcoin mining and art...
November 15, 2024
In the rapidly evolving world of green data centers, Soluna Holdings Inc. is distinguishing itself as an agile competitor, marked by impressive revenue growth despite difficult market conditions. As revealed in the company s third quarter financial results for 2024, Soluna is making strides in its strategic initiatives, albeit while grappling with overarching industry challenges.With its headquarters in Albany, N.Y. Soluna Holdings (NASDAQ: SLNH) has established itself as a developer of sustainable data centers, specifically catering to high-intensity computing applications like Bitcoin mining and artificial intelligence. This quarter, the company introduced Soluna Cloud AI, a new venture that complements it...
October 9, 2024
In an age where the digital landscape is increasingly defined by the dual imperatives of sustainability and efficiency, Soluna Holdings, Inc. (SLNH), headquartered in Albany, New York, is carving out a unique niche for itself within the booming sectors of cryptocurrency mining and artificial intelligence. The company, which specializes in green data centers tailored for intensive computing applications, recently released its monthly business update for September, highlighting key operational developments, financial metrics, and corporate initiatives that mark its progress and ambition. Corporate Highlights: Progress Amid Sector ChallengesThe latest update emphasizes several corporate highlights, including th...
September 11, 2024
Soluna Holdings: Pioneering Green Data Centers Amidst Booming Cryptocurrency Demand In the fast-evolving landscape of technology, where data centers are pivotal to enterprises and digital services, Soluna Holdings, Inc. (NASDAQ: SLNH) stands out as a beacon of sustainability and growth. The Albany, New York-based developer of green data centers recently provided its monthly business update for August, showcasing impressive operational advancements and corporate performance in a sector that’s often criticized for its environmental impact. Strong Corporate PerformanceRecent figures released by Soluna highlight a promising trajectory for the company. In the second quarter of 2024, the company reported an extr...
July 11, 2024
Soluna Holdings, Inc. (SHI), a developer of sustainable data centers for Bitcoin mining and AI applications, has recently announced the immediate availability of its AI cloud services through its subsidiary, Soluna Cloud. The service boasts the inclusion of 512 H100 SXM GPUs to support generative AI workloads. Additionally, despite its competitors experiencing revenue contractions, Soluna Holdings reported a remarkable 141.91% year-on-year increase in revenue during the fourth quarter of 2023. While the company did record a net loss, it still outperformed most rivals in the market.Implication 1: Sustainability and Efficient ComputingSoluna Holdings emphasis on sustainable data centers aligns well with the g...
May 22, 2024
Soluna Signs Power Purchase Agreement with EDF Renewables for Texas Data Center ProjectSoluna Holdings, Inc. (SHI) has recently reached a major milestone in its growth trajectory by signing a definitive Power Purchase Agreement (PPA) for Project Kati with EDF Renewables and Masdar. Known for developing green data centers specifically tailored for intensive computing applications such as Bitcoin mining and artificial intelligence (AI), Soluna s latest venture marks an exciting step forward for the company.Project Kati represents Soluna s second Renewable Computing data center and signifies the company s commitment to sustainable computing solutions. By partnering with EDF Renewables and Masdar, Soluna aligns ...
May 21, 2024
Soluna Secures $30M from Spring Lane Capital to Fuel Project Dorothy 2 Expansion Amid Market Share Challenges Albany, N.Y. Soluna Holdings, Inc. (NASDAQ: SLNH), a pioneering developer of green data centers designed for intensive computing applications such as Bitcoin mining and artificial intelligence (AI), announced securing $30 million in financing from Spring Lane Capital (SLC). This financing is crucial for the 48 MW expansion of Soluna’s flagship behind-the-meter data center, Project Dorothy, also known as Dorothy 2.Spring Lane Capital, a reputable private equity firm specializing in providing hybrid project capital for sustainable solutions, has taken the lead in financing this venture. This substa...
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Sources:
Soluna Holdings Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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